ENXTPA:MMT

Stock Analysis Report

Métropole Télévision

Executive Summary

Métropole Télévision S.A. provides a range of programs, products, and services on various media.

Snowflake

Fundamentals

6 star dividend payer with excellent balance sheet.


Similar Companies

Share Price & News

How has Métropole Télévision's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MMT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.3%

MMT

-0.8%

FR Media

0.01%

FR Market


1 Year Return

3.9%

MMT

-14.5%

FR Media

17.5%

FR Market

Return vs Industry: MMT exceeded the French Media industry which returned -14.5% over the past year.

Return vs Market: MMT underperformed the French Market which returned 17.5% over the past year.


Shareholder returns

MMTIndustryMarket
7 Day-1.3%-0.8%0.01%
30 Day5.0%1.1%4.4%
90 Day-2.5%-3.0%8.0%
1 Year10.2%3.9%-11.3%-14.5%21.4%17.5%
3 Year16.6%0.6%-7.9%-16.8%49.8%35.5%
5 Year34.6%5.3%-7.2%-21.1%66.6%43.0%

Price Volatility Vs. Market

How volatile is Métropole Télévision's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Métropole Télévision undervalued compared to its fair value and its price relative to the market?

35.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MMT (€16.1) is trading below our estimate of fair value (€24.97)

Significantly Below Fair Value: MMT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MMT is good value based on its PE Ratio (11.8x) compared to the Media industry average (16.8x).

PE vs Market: MMT is good value based on its PE Ratio (11.8x) compared to the French market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: MMT is poor value based on its PEG Ratio (7.3x)


Price to Book Ratio

PB vs Industry: MMT is overvalued based on its PB Ratio (3x) compared to the FR Media industry average (1.3x).


Next Steps

Future Growth

How is Métropole Télévision forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

1.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMT's forecast earnings growth (1.6% per year) is above the savings rate (0.7%).

Earnings vs Market: MMT's earnings (1.6% per year) are forecast to grow slower than the French market (11.6% per year).

High Growth Earnings: MMT's earnings are forecast to grow, but not significantly.

Revenue vs Market: MMT's revenue (1.4% per year) is forecast to grow slower than the French market (4.7% per year).

High Growth Revenue: MMT's revenue (1.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MMT's Return on Equity is forecast to be high in 3 years time (21.5%)


Next Steps

Past Performance

How has Métropole Télévision performed over the past 5 years?

9.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MMT has high quality earnings.

Growing Profit Margin: MMT's current net profit margins (12%) are lower than last year (13.5%).


Past Earnings Growth Analysis

Earnings Trend: MMT's earnings have grown by 9.7% per year over the past 5 years.

Accelerating Growth: MMT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MMT had negative earnings growth (-6.7%) over the past year, making it difficult to compare to the Media industry average (14.9%).


Return on Equity

High ROE: MMT's Return on Equity (25.2%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Métropole Télévision's financial position?


Financial Position Analysis

Short Term Liabilities: MMT's short term assets (€901.8M) exceeds its short term liabilities (€631.5M)

Long Term Liabilities: MMT's short term assets (€901.8M) exceeds its long term liabilities (166.3M)


Debt to Equity History and Analysis

Debt Level: MMT's debt to equity ratio (7.7%) is considered satisfactory.

Reducing Debt: MMT's debt to equity ratio has increased from 0.5% to 7.7% over the past 5 years.

Debt Coverage: MMT's debt is well covered by operating cash flow (585.7%).

Interest Coverage: MMT's interest payments on its debt are well covered by EBIT (262.5x coverage).


Balance Sheet

Inventory Level: MMT has a low level of unsold assets or inventory.

Debt Coverage by Assets: MMT's debt is covered by short term assets (assets are 17.2x debt).


Next Steps

Dividend

What is Métropole Télévision's current dividend yield, its reliability and sustainability?

6.21%

Current Dividend Yield


Dividend Yield vs Market

company6.2%marketbottom25%1.5%markettop25%4.5%industryaverage4.8%forecastin3Years6.2%

Current dividend yield vs market & industry

Notable Dividend: MMT's dividend (6.21%) is higher than the bottom 25% of dividend payers in the French market (1.49%).

High Dividend: MMT's dividend (6.21%) is in the top 25% of dividend payers in the French market (4.49%)


Stability and Growth of Payments

Stable Dividend: MMT's dividends per share have been stable in the past 10 years.

Growing Dividend: MMT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (73.3%), MMT's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MMT's dividends in 3 years are forecast to be covered by earnings (68% payout ratio).


Next Steps

Management

What is the CEO of Métropole Télévision's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average board tenure


CEO

Nicolás Bellet de Tavernost Abel (69yo)

0yrs

Tenure

€1,790,980

Compensation

Mr. Nicolás Bellet de Tavernost Abel has been Chief Executive Officer and Chairman of the Executive Board at Métropole Télévision SA (alternate name Groupe M6) since May 2000 and its Member of the Executiv ...


CEO Compensation Analysis

Compensation vs Market: Nicolás Bellet's total compensation ($USD1.98M) is above average for companies of similar size in the French market ($USD1.14M).

Compensation vs Earnings: Nicolás Bellet's compensation has been consistent with company performance over the past year.


Board Age and Tenure

1.6yrs

Average Tenure

51yo

Average Age

Experienced Board: MMT's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Nicolás Bellet de Tavernost Abel (69yo)

    Chairman of the Executive Board & CEO

    • Tenure: 0yrs
    • Compensation: €1.79m
  • Jérôme Lefébure (56yo)

    CFO, Head of Finance

    • Tenure: 0yrs
    • Compensation: €614.47k
  • Thomas Valentin (64yo)

    Vice-Chairman of Executive Board

    • Tenure: 0yrs
    • Compensation: €874.34k
  • Nathalie-Camille Martin

    Head of Legal Affairs

    • Tenure: 0yrs
  • Émilie Pietrini

    Head of Group Communication

    • Tenure: 0yrs
  • Valéry Gerfaud

    Chief Technology & Digital Innovation Officer

    • Tenure: 0yrs
  • Christophe Foglio

    Head of Human Resources

    • Tenure: 0yrs
  • David Larramendy (45yo)

    Member of Executive Board and Managing Director of M6 Publicité & M6 Interactions

    • Tenure: 4.8yrs
    • Compensation: €704.91k
  • Henri De Fontaines (45yo)

    Head of Strategy & Development

    • Tenure: 4.8yrs
  • Franck Tarragnat

    Chief Information Officer

    • Tenure: 0yrs

Board Members

  • Vincent de Dorlodot (54yo)

    Member of Supervisory Board

    • Tenure: 15.7yrs
    • Compensation: €15.60k
  • Elmar Heggen (51yo)

    Chairman of the Supervisory Board

    • Tenure: 1.6yrs
    • Compensation: €32.23k
  • Eric d'Hotelans (68yo)

    Chairman & MD of Home Shopping Service SA & Mistergooddeal SA and Chairman of Ventadis Div

    • Tenure: 0yrs
  • Philippe Bony

    Deputy MD of Programmes & Chairman of Paris Première

    • Tenure: 0yrs
  • Nicolas Houzé (43yo)

    Member of Supervisory Board

    • Tenure: 1.6yrs
    • Compensation: €15.94k
  • Philippe Delusinne (61yo)

    Member of Supervisory Board

    • Tenure: 10.3yrs
    • Compensation: €12.40k
  • Marie Cheval (45yo)

    Deputy Chairwoman of Supervisory Board

    • Tenure: 1.6yrs
    • Compensation: €17.54k
  • Mouna Sepehri (56yo)

    Independent Member of Supervisory Board

    • Tenure: 7.5yrs
    • Compensation: €21.80k
  • Juliette Valains (33yo)

    Member of Supervisory Board

    • Tenure: 1yrs
    • Compensation: €2.54k
  • Sophie de Bourgues (44yo)

    Group Deputy General Counsel & Supervisory Board Member

    • Tenure: 1.1yrs

Company Information

Métropole Télévision S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Métropole Télévision S.A.
  • Ticker: MMT
  • Exchange: ENXTPA
  • Founded: 1986
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: €2.024b
  • Shares outstanding: 125.74m
  • Website: https://www.groupem6.fr

Number of Employees


Location

  • Métropole Télévision S.A.
  • 89, Avenue Charles-de-Gaulle
  • Neuilly-sur-Seine
  • Ile-de-France
  • 92575
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MMTDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 1994
MMTENXTPA (Euronext Paris)YesOrdinary SharesFREUROct 1994
0MGLLSE (London Stock Exchange)YesOrdinary SharesGBEUROct 1994
MMTPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 1994

Biography

Métropole Télévision S.A. provides a range of programs, products, and services on various media. It operates through Television, Radio, Production and Audiovisual Rights, and Diversification segments. The  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/20 20:38
End of Day Share Price2019/11/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.